43 Commercial Road,
Newstead, QLD 4006
Offices • Development Sites & Land
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Colliers - Brisbane
Level 5, 1 Eagle StreetBRISBANE CITY, QLD 4000
43 Commercial Road
Newstead, QLD 4006
Map of 43 Commercial Road
Inner-city Development Opportunity
- MU1 Mixed Use Zoning - Diverse Developme
- DA Approved 6 level Commercial Building
- Existing Income - 4 Residential Units
Colliers is pleased to offer 43 Commercial Road, Newstead for Sale via Public Auction on Thursday, 9 October at 11:30am (AEST) in-rooms.
The existing development features four (4) residential units located in the heart of Newstead, prominently positioned on the bustling Commercial Road, and sitting on a generous 569sqm parcel of land. Additionally, the site comes with Development Approval for a six (6) level commercial office building, which includes 1,794sqm* of Net Lettable Area (NLA) and 8 parking spaces. The current income generated from the residential units offers developers or value-add investors a steady income stream while they plan the next steps for this exceptional opportunity.
Under instructions from Michael McCann and Graham Killer as Agents for the Mortgagee in Possession.
*Approximately.
The existing development features four (4) residential units located in the heart of Newstead, prominently positioned on the bustling Commercial Road, and sitting on a generous 569sqm parcel of land. Additionally, the site comes with Development Approval for a six (6) level commercial office building, which includes 1,794sqm* of Net Lettable Area (NLA) and 8 parking spaces. The current income generated from the residential units offers developers or value-add investors a steady income stream while they plan the next steps for this exceptional opportunity.
Under instructions from Michael McCann and Graham Killer as Agents for the Mortgagee in Possession.
*Approximately.
Newstead, 4006 demographic data
7,496
Population
$2,325 per week
Median household income
33 years
Median age
Renters
Most residents
Families
Most households
Colliers - BrisbaneLevel 5, 1 Eagle Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
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